As businesses collapse, claimants still waiting for checks from BP

Publié
par
carmion
le 14/06/2010

Kim Murphy

"Real estate agent Mike Reynolds had two desirable beachfront condos in escrow when the tide of crude from the Deepwater Horizon spill washed over his business and left it looking about as appetizing as an oiled crab.

""I lost $20,000 in commission," Reynolds said. "The guy called and said he'd never be able to make any money off of them. He walked away from a $10,000 earnest-money check."

"Just a few miles east of Reynolds' Gulf Shores condos, restaurant owner Matt Shipp has seen his Orange Beach business plummet by 90%, even before thick masses of oily seaweed painted the white sand beach Saturday. He put in a claim for $35,000 in lost business for May, and after more than 40 days of phone calls and faxes, got approved for $18,000. When will he get the money, he asked BP's adjuster, the fourth one to whom he had been passed." Read on...